Qualcomm posted financial results for its fiscal first quarter that beat estimates. Shares shed nearly 5% during premarket trading Thursday, however.
Despite beating expectations, Qualcomm's left many analysts worried about the company's growth path going forward. Qualcomm posted financial results for its fiscal first quarter that beat estimates. The chipmaker reported adjusted earnings per share of $3.41 on $11.67 billion in revenue. Analysts polled by LSEG expected $2.96 a share on $10.93 billion in revenue. All three of the company's major end markets for its chips grew during the period.
noted that the guided q/q decline in QCT handset revenue reflects seasonality + lower ship to Apple. As a reminder, Apple is expected to launch its iPhone SE 4 in March - we see
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